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. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> who doesn't want a special dividend? the hits keep coming. oracle announcing it will accelerate payments on three quarters worth of dividends for investors who hold the stock as of december 14th. now about 100 companies and can counting have announced more than $22.5 billion worth of special dividends in the fourth quarter. presumably to get ahead of higher dividend taxes if th
us come up with a plan that puts america on a long-term, sound basis. paul ryan did that in the house. that plan is sustainable. it changes the debt course of america. the president has yet to lay out anything like that. >> i'll tell you what really struck me in a moment from that interview, but let me keep on with what you're saying. you have called the secretary's claim of $2 in spending cuts for every $1 in tax increases an egregious falsehood. he did say $600 billion in cuts is what is being proposed there. he said it's health care. you said he's not even tinkering with medicare. where are these cuts? >> let me respond to that. they cut providers -- again, these are the hospitals and doctors. $600 billion over ten years. that's a reduction in spending. he's not mentioning the fact that he gives away $1.2 trillion of the sequester. that whole savings that we agreed to as part of the budget control act he eliminates. in other words, that's an additional $1.2 trillion in spending over the current agreement that we're operating under today. it's a $1.2 trillion increase. so there's a
and water. you have motorcycle clubs passing out water. that's the nice part. that's what makes america great. we could use a little of that in washington, we might get the fiscal cliff resolved. >> great point to make. tom, good to have you on the program. thanks so much. >> nice to be here. >> thomas wilson joins us, the chairman and ceo of allstate. >>> up next, high-end dreams. we'll talk high-end real estate next. >>> later, sticker shock at the hospital. we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to
and we're b bungee jumping. the markets have done well. the fundamentals in corporate america have been way better than the economy. earnings growth and revenue growth in the s&p 500 has dramatically slowed since the second quarter. i think unfortunately one thing people are missing is that the uncertainty today is going to show up in the fundamentals in the first quarter, maybe even the first half of 2013. we still have a lot of issues in europe. andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the markets in general are going to be, i believe you have stock picks for us. name what they are and will they be able to perform regardless of the macro environment? >>
Search Results 0 to 3 of about 4

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